The president is not going to put a dent in unemployment by begging CEOs. The way to create private sector jobs is through tax policy. The incentives have been flipped for some time now. The rich need to be prodded into investing in jobs instead of paper. The tax rate for hiding your money in paper is half that for investing in a business and hiring people. More return for less risk is why all the cash is on the sidelines.
Posted on: Sat, 01 Feb 2014 18:32:34 +0000
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